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The French seem to have taken note of the looming recession in the eurozone. Consumer confidence has lost three points from October, to 79 points, INSEE reported. He returned to a level not seen since February 2009, when France was plunged into crisis. Economists did not expect such a decline, on average expected a loss of one point of the indicator.

"The current financial crisis, the second level of rigor and concern about the purchasing power (mainly because of higher diesel prices), explain the fall of the indicator," Analysis Dominique Barbet, an economist at BNP Paribas .

Households are also very pessimistic about their future living standards, which fall 8 points. Since July, this indicator has been awarded 20 points. It is now a record low.

The atmosphere should remain tight to the Paris Stock Exchange on Thursday. The bargain hunting could push the index up, as suggested by the small rise in futures on the CAC 40 (0.1%). But caution remains the watchword. As shown in the CAC 40 new fall yesterday, the Investors are not able to overcome their fears about the situation in the eurozone. Debt problems in the region have worsened when Germany struggled to convince investors to buy its bonds. The country has raised just over half of the 6 billion euros of 10-year bonds offered to investors during a broadcast on Wednesday. This failure is a "red flag" according to Ewald Nowotny, Governor of the European Central Bank

Largest economy and engine of the region, Germany was far remained immune to the contagion of debt crisis.But diplomats said the meeting could only lead to a breakthrough on a reform of the European treaties.

The mixed oil, the euro under pressure

As for currencies, the euro, which fell sharply against the dollar in recent days, attempts a rebound. The euro is worth 1.3363 dollars (0.10%) in morning trading. The trend is more mixed in the oil markets: a barrel of light sweet crude (WTI) for delivery in January drops 24 cents to 95.93 dollars on the New York Mercantile Exchange, while the price of Brent North Sea assessed for the same term of 27 cents on the Intercontinental Exchange in London at 107.29 dollars.

The side of the calendar, the day will be quieter because of the close of U.S. markets. Operators are waiting mainly German Ifo index.

The atmosphere is gloomy in the Paris Stock Exchange on Wednesday. After opening sharply down, the CAC 40 ceded 0.23% to 2863.30 points at 9:40. Unable to maintain its rebound yesterday, the CAC 40 would be difficult to bounce back following the announcement of a further slowdown in the Chinese economy. Preliminary PMI Manufacturing activity in China, issued by HSBC this morning, recorded in November, its biggest drop since March 2009, to 48 against 51 in October. Below 50, this means a contraction.

The country's dependence on exports is the main cause of this fall, analysts said the bank flexcheck cash advance. China is beginning to feel the impact of the economic downturn of its main European and U.S. clients. To this end, HSBC is lowering the forecast industrial production to 11% or 12% year on year in the months to come (against 13.2% in October).

Both countries, however, block the proper role of the ECB. The German government remains the main obstacle to further action of the European Central Bank in the European market debt. French Prime Minister Francois Fillon acknowledged Tuesday, before the members of his majority, convinced that Germany was "a major difficulty."

World Youth Day 2013 World Cup soccer in 2014 Olympic Games in 2016 … The growing number of events "global" in Rio de Janeiro causes a surge in property prices in the Brazilian megalopolis.

Already supported by economic growth and rising real, the national currency, the real estate skyrocketed. In one year, prices rose 16% on average in the city and over 50% by the sea near the beaches chic Leblon or Ipanema, the price per square meter than 5800 euros. The thrust is so violent that the experts are concerned about the harm of a potential "bubble".

Another phenomenon, more unexpectedly, boosts rents: the "pacification" by the police in the favelas, the former slum houses usually hard.A survey by the Getulio Vargas Foundation shows that in areas where security forces have regained control deal with drug dealers, rent increases of 6.8% is higher than in other parts of Rio, the first year .

The study states that the pursuit of this strategy of pacification would even cause a "catching up" in house prices, which are on average 25% cheaper than elsewhere. Suddenly, the mayor of Rio concerned about the increase of illegal constructions in the favelas.

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Not speak the language of Goethe, which he considers as a language of the past, fewer Alsatians will work in Germany. "If we do nothing to improve the teaching of German, 50 000 jobs are threatened in the next ten years in Alsace," says Alexis Lehmann, head of the Franco-German Foundation Agreement (Fefa). In his view, the neglect of German in Alsace is compounded by the decline in the regional dialect.

"The dialect is in free fall, it is no longer practiced by the young and in urban areas," says Alexis Lehmann. The "dialect" of Alsace, which Germany is considered the writing, has long allowed the Alsatians to find jobs across the Rhine."The regional had in Germany ( no fax payday loans…) the reputation of being a reliable workforce and disciplined." Of course, the consequences of this decline are difficult to quantify, but a study by the Institute believes that Euro- There were 10,000 French border over ten years ago the Rhine. It is time to take the case to round the body: 8% of the labor force works in Alsace Germany. But perhaps he will also boost the learning of dialect family in the evening by the fire to fight against unemployment in Alsace.

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Focus on Asia

At a time when academic trips abroad have become common, difficult now to be confined to conventional horizons. Result, the student takes transhumance paths atypical. Foremost among these new destinations, Asia captive. "The economic environment, business needs … It speaks only of Asia, it creates envy," said Thomas Albertini, of Worldiploma.

Large schools, the first, understood the importance of the land of the future. "We must be lucid. During their career, my students have to work one day either with a company in Asia, "insists Patrice Houdayer, School of Management (EM) of Lyon. So much so that, like others, the school opened a campus there, in this case in Shanghai. With Erasmus Mundus, universities have caught the trend of flight."20% of masters and doctoral degrees involving a French university has an Asian partner," Preciset to be Agence Europe Education Formation fast cash. Seven hundred in Japan, 600 in 6300 in Singapore or China …

If those who leave the Anglo-Saxon or European are still rare birds, their number is growing. According to the Conference of Grandes Ecoles, the number of students going to China grew by nearly 300 in two years. Access to these separate education systems is not always easy, but by dint of effort, local officials encourage this trend. "The number of programs in English, their quality and attitude of the speakers show increasing efforts" says Julien Bohdanowicz, the School of Mines. Le Figaro Magazine has identified four destinations for the future.

• Japan

Many agreements have been realized between our two countries, such as those between HEC and ESSEC to Keio.

A new step towards austerity. The Italian Senate on Friday approved the measures promised to the European Union (EU) to reduce the country's deficit and revive growth. The Chamber of Deputies will examine in turn the text tomorrow. Sil it gives, too, agree, the way is clear for Silvio Berlusconi announced his resignation as promised.

• Sale of public assets

Rome will transfer public property, including belonging to the army, and agricultural land to reduce the huge debt the country (1.9 trillion euros).

Silvio Berlusconi said late October that the proceeds from these sales should reach 15 billion over three years.Investors who buy these properties will pay particular debt payday loan lenders.

• Liberalization

Professional bodies will be reformed and abolished minimum rates to inject more competition in the Italian economy.

Local authorities will in turn open the local public services to competition and reduce their participation in the companies running these services (energy, transport, water, waste).

• Pensions

The age of retirement as part of "old age" will increase to 67 in 2026 (against 65 years now) but this does in fact confirm that the effects of reforms already enacted such as providing for the gradual increase age according to life expectancy.

If one refers to the precedent of Greece, Portugal and Ireland, it took only sixteen days for the 7% is exceeded, after the passage of 6.5%. Equity markets should turn down. A return of the CAC 40 points to 3000 is to be feared.

The price of insurance against default soared

Predictions are difficult. On the one hand, the pressure has never been stronger on Silvio Berlusconi. On the other hand, the alternative policy is not clear, Berlusconi managed to get over the past 50 years successive votes of confidence.

The markets have really lost confidence in Italy this year. Earlier this year, providing 10 million euros of Italian bonds was less than 200,000 euros. Today, it costs more than 500,000 euros to carry out this operation.

François Fillon has clearly shown this Saturday at Morzine: there is no alternative to reducing the debt, and it will be possible by reducing public spending. While the last-offs for the new austerity plan went this weekend at the Elysee Palace before his presentation Monday, Prime Minister set the tone: the debt crisis forced the state budget for 2012 will be "the most rigorous in the post-war one hour payday loan."

"The hour of truth has come, he warned. There is no need to attack rating agencies, bankers, speculators or some sort of scapegoat, no need to believe that there are hidden treasures to finance our spending. [...] There is no other income to reduce debt but to reduce spending, "said Francois Fillon.

They clearly anticipated the fall of George Papandreou after the declarations of the party leader of the opposition of Greece, Antonis Samaras (he called Greek Prime Minister to resign and form a transitional government).

The creation of a transitional government is not likely to create uncertainty in the markets?

It depends on how the rating agencies will analyze the delay between the creation of the transitional government and the establishment of early elections. For now, financial markets seem ready to allow time for Greece to install a new government. However, the risk of default is not eliminated. Financial markets continue to navigate to the end of the year.

Financial markets have now turned their eyes towards Italy.